MALVERN, Pa., June 28, 2018 (GLOBE NEWSWIRE) — Neuronetics, Inc., a commercial-stage medical device company focused on designing, developing, and manufacturing products that improve the quality of life for patients who suffer from psychiatric disorders and the maker of the NeuroStar® Advanced Therapy System, a non-drug, office-based therapy cleared by the FDA in 2008 to treat adult patients with Major Depressive Disorder who have not seen success with at least one antidepressant medication in the current episode, announced today the pricing of its initial public offering of 5.5 million shares of its common stock at a public offering price of $17.00 per share.

In addition, Neuronetics has granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of its common stock at the public offering price, less the underwriting discount. The shares are expected to begin trading on the NASDAQ Global Market on June 28, 2018 under the ticker symbol “STIM.” The offering is scheduled to close on July 2, 2018, subject to customary closing condition.

Piper Jaffray & Co. and William Blair & Company, L.L.C. are serving as joint book-running managers for the proposed offering. Canaccord Genuity LLC is acting as lead manager for the offering, and BTIG, LLC and JMP Securities LLC are acting as co-managers for the proposed offering.

About Neuronetics

Neuronetics is a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders. Our first commercial product, the NeuroStar Advanced Therapy System, is a non-invasive and non-systemic office-based treatment that uses transcranial magnetic stimulation, or TMS, to create a pulsed, MRI-strength magnetic field that induces electrical currents designed to stimulate specific areas of the brain associated with mood. The system is cleared by the United States Food and Drug Administration, or FDA, to treat adult patients with major depressive disorder, or MDD, that have failed to achieve satisfactory improvement from prior antidepressant medication in the current episode.